DTN Closing Livestock Comment 10/15 15:38
Traders Worry the Livestock Complex is Overbought Which Sent the Contracts
Lower
Heading into Wednesday's market a little more interest could surface for the
cash cattle market, but trade isn't expected to develop until Thursday or
Friday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a quiet day for the livestock complex as the board struggled as
traders worried about the markets being overbought, which consequently led to
all three of the markets rounding out the day lower. Asking prices are noted in
the South at $189 to $190 but remain unestablished still in the North. December
corn is down 7 cents per bushel and December soybean meal is down $3.50. The
Dow Jones Industrial Average is down 324.80 points.
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